Fertoz Ltd (ASX:FTZ) has achieved a revenue of more than $1.2 million in CY2017 for its FertAg business, representing a year-on-year sales growth of 238% in the twelve months ending 31 December 2017.
The company attributes the substantial increase in sales to a combination of an increase in distribution agreements and amplified interest from environmentally friendly farmers.
FertAg is made from naturally occurring minerals and is not chemically treated; as such, it works with the natural soil chemistry to digest soil acidity while providing minerals in a plant-available form.
Organic farming certification driving sales
Certification of FertAg 0-8-0 as an allowable input in organic agriculture by Australian Organic in July 2017 has driven sales within the organic farming sector, particularly organic dairy farmers.
Furthermore, several new distribution agreements were signed in 2017, most notably in New South Wales where the company achieved sales growth of circa 500% in CY17.
Distribution footprint growing across Australia
Fertoz is seeing demand continuing to grow following recent exposure of its products at events including Commonwealth Bank AgQuip, Australia’s largest agricultural field day.
The company also attended ProAg, a signature agricultural show for the New South Wales mid-north coast.
Fertoz attended these events alongside major distributors TNN Australia and NORCO. The company’s product suite is now available from all major fertiliser distributors across Australia.